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Saudi Arabia Biometric Systems Market Forecast and Opportunities, 2020

  • April 2015
  • -
  • TechSci Research
  • -
  • 117 pages

Summary

Table of Contents

Saudi Arabia biometric systems market is one of the fastest growing markets in the Middle East. Growing need for authentication & verification, and government regulations & initiatives mandating use of biometric technologies are the key factors driving biometric systems market in the country. Moreover, increasing focus on providing more secure environment, reducing human errors in time & attendance, and maintenance of biometric database for every expatriate and immigrant, is driving physical verification of individuals across different verticals, which includes extensive use of biometric devices. Expanding use of multi-modal biometric systems, adoption of new technologies, and anticipated decline in average selling prices, are projected to further escalate the demand for biometric devices in the country over the forecast period.

According to “Saudi Arabia Biometric Systems Market Forecast & Opportunities, 2020”, biometric systems market in Saudi Arabia is projected to grow at over 22% CAGR through 2020. This high growth is attributed to the surging demand for better biometric technologies in the country, from government, BFSI, Consumer Electronics, and energy (specifically oil & gas) sectors. Further, use of biometric mobile applications is a major trend emerging in Saudi Arabia biometric systems market, aimed at providing a more secure environment for e-commerce and mobile banking. Saudi Arabia biometric systems market, which includes manufacturing and supply of biometric devices, is majorly dominated by global players, such as Morpho Safran, ZK Technlogy, and Suprema, among others. “Saudi Arabia Biometric Systems Market Forecast & Opportunities, 2020” discusses the following aspects of the biometric system market in Saudi Arabia:

- Saudi Arabia Biometrics Market Size, Share & Forecast
- Segmental Analysis - By Type & Application
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of biometric systems market in Saudi Arabia
- To identify the on-going trends, and anticipated growth over the next five years
- To help industry consultants, biometric device manufacturers and distributors align their market-centric strategies
- To obtain research-based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with biometric device manufacturers and suppliers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.

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